HomeMy WebLinkAbout1993 Ordinance No. 044•
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I 10 (d)
BY AUTHORITY
ORDINANCE NO. ff
SERIES OF 1993
COUNCIL BILL NO. 24
INTRODUCED BY COUNCIL
MEMBER BULLOCK
AN ORDINANCE AMENDING TITLE 4, CHAPl'ER 3, SECTION 7, OF THE
ENGLEWOOD MUNICIPAL CODE 1985 ESTABLISHING THE SELF-INSURANCE FUND
FOR PAYMENT OF THE 2~ SUPPLEMENTAL DISABILITY BENEFITS FOR
QUALIFYING ENGLEWOOD POLICE OFFICERS AND FIREFIGHTERS.
WHEREAS, the Police Officen' Benefit Fund exi1ted fOTthe purpo■el of paying 20%
Disability Payment. to eligible police offlcen and n,f\mding contribution ■ to ve■ted
member■ of the Police Officer■ Pension Plan; and
WHEREAS, there is a need to oeparate from the Police Pension Fund the 20% Supplemental
Di s ability Benefit. which may be drawn by all Englewood Police Officen which include■
both Old Hire and New Hin, Police Officen; and
WHEREAS, in order to simplify funding for all 20% Supplemental Disability Benefits for
ell Englewood Police Officen it ia neceasa,y to oeparate the■e fund■; and
WHEREAS , the Firefighter■ Benefit Fund existed for the purpo■e1 of paying 20%
Disability Payments to eligible police offieen and n,fundin1 contribution ■ to vested
meml:.ars of the Fin,fighten Pension Plan; and '
WHEREAS, there is a need to separate from the Fin,fighter■ Penaion Fund the 20%
Supplemental Disability Benefits which may be drawn by all Englewood Jl'ireftghter■ which
includes both Old Hire and New Hin, Firef,chten; and
WHEREAS, in order to simplify funding for all ~ Supplemental Disability Benefits for
all Englewood Firefighter■ it is necessary to separate these flmda; and
WHEREAS, the Self-Insurance Fund bu been e ■tablished to finance and account for
items of an insurable natun, such as dioabiiity benefits;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
~ The City Council of the City of Englewood, Colorado hereby approves amending
Title 4 , Chapter 3, Section 7, of the Englewood Municipal Code 1985, which will read as
follows :
4-3-7 : SELF-INSURANC:F. ',·•.IND : Then, is hereby established a special fund of the City to be
known as the Self-lnsura. , Fund. This Fund shall be uaed to finance and account for those
itP:ns of an insurable nature u hereinafter set forth .
A. There shall be credited to said special Fund all n,eeipt■ from the following
sources:
I. All charges made by the Fund to other departments of the governmental unit to
provide employee benefit insurable items, property casualty insurable items, or
miscellaneous insurable itema .
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2. MiacellaneoWI receipts auch u, but not re1trieled to, refund■, dividend,, interest
incom1 and other receipts related to the tranuction1 arthe Fund.
3 . 'l'HE PRESENT VALUE OF FUTURE 2()'11, SUPPLEMENTAL DISABIIJTY
ilENEFITS PREVIOUSLY AWARDED BY AND FINANCED THROUGH THE
FIREFIGHTERS' BENEFIT FUND .
B. E,penditur11 from ■aid 1pecial Fund mlQ' be for the followinc p1111>o■ea:
L P.,ments to provide benefita to employee, which are eelf-illlured by the City.
2. Payments to inaurance companie1 to provide inawance eonrege for
insurance policies deemed adviaable by the City.
3. Payments relating to providing of eervice1 normally covered by in ■ured
programa.
4. Payments to other partie1 aa a result of eelf-inaurance of any coverage.
:;. PAYMENTS TO POLICE OFFICERS FOR THE 211% SUPPLEMENTAL
DISABILITY BENEms DESCRIBED IN TITLE 3, CHAPTER 7, SECTION
2 , OF THE ENGLEWOOD MUNICIPAL CODE 1985.
6. PAYMENTS TO FIREFIGHTERS FOR THE 20% SUPPLEMENTAL
DISABILITY BENEFITS DESCRIBED IN TITLE 3, CHAPTER 8, SECTION
3, SUBSECTION 1, OF THE ENGLEWOOD MUNICIPAL CODE 1985.
6, 7. Other paymeota u deemod advisable liven the nature of the Fund.
Introduced, read in full, and passed on first readin1 on the 2nd day of Auguat, 1993.
Publi shed as a Bill for an Ordinance on the 5th day of AuJust, 1993.
Read by title an~ •>assed on final reading on the 16th day of Augu1t, 1993,
Published by Li lle u Ordinance No . !iJl., Series at 1993, on the 19th day ar August, 1993.
01-.EST :
di?ct& 1 u a~
Patricia H. Crow , City Clerk
I, Patricia H. Crow , City Clerk of the City of Englewood, Colorado, hereby certify that the
above and foregoing is a true copy of the Ordinance passed on final readinc and published
by title as Ordinance No . tJ!L Seriea of 1993.
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fatuu~ w . a~
Patricia H. Crow • -2 -